Birmingham, AL Law Firm Guides Debtors Through a Bankruptcy Proceeding

Alabama Bankruptcy Attorneys Help Clients Who are Consumed by Debt

Filing for bankruptcy can be a stressful, difficult process. However, there are many reasons why it might be the right solution for those who are struggling to pay their bills. Some positive results a bankruptcy can provide include its ability to:

• Eliminate many types of debt
• Stop collection agency calls and harassment
• Protect certain property from liquidation
• Avoid foreclosure
• Halt lawsuits
• Prevent repossession of certain property
• Provide a “fresh start” for a debtor

Despite the advantages of filing bankruptcy, it not a decision that should be made lightly. Anyone considering bankruptcy should discuss their options with an experienced Alabama bankruptcy attorney.

Things to Think About Before You File for Bankruptcy

Deciding whether or not to file bankruptcy is an important one, and several considerations should be made, such as:

• The impact that bankruptcy will have on your future ability to access credit
• Potential damage to your credit report
• The possibility that important assets might be lost
• Your eligibility to file bankruptcy
• Impact on your pension plan or retirement accounts

Bankruptcy is not designed to solve all of a debtor’s financial problems, and those who successfully complete a bankruptcy can still expect to pay higher rates to obtain credit, be required to make a higher down payment on a home and may need to have a co-signer when attempting to borrow money or take out a loan.

Contact an Experienced Birmingham, AL Bankruptcy Attorney

Are you considering filing for bankruptcy? For competent legal advice in bankruptcy matters, contact the Birmingham, Alabama bankruptcy lawyers at the Bond and Botes Law Offices online or call 1-877-581-3396 to set up your free initial consultation today.